Sergey Ivanov among the best CEOs

Institutional Investor ranks for the mining sector

Institutional Investor ranks Sergey Ivanov, the best

Sergey Ivanov, the CEO of Alrosa, was named one of the best CEOs in the mining sector, according to Institutional Investor’s ranking. Sergey Ivanov was ranked 2nd out of 34 mining companies’ CEOs according to Institutional Investor ranking Emerging EMEA Executive Team 2018. According to the ranking based on the buy-side analysts votes Sergey Ivanov topped the 2018 ranking list.

Anglo American hikes platinum output over 2.4 mn Oz

Anglo American Platinum Limited announced its production report for the second quarter ended 30 June 2018 & that says, platinum and palladium production increased marginally to 619,600 ounces and 406,000 ounces respectively, due to improved operational performances across the portfolio, offset by the placing of unprofitable production from Bokoni on care and maintenance in Q3 2017.

At Anglo American’s own mined platinum production decreased by 2% to 340,200 ounces and palladium production increased by 2% to 260,800 ounces, with strong operational performance across the portfolio offset by the sale of Union mine. Excluding Union, own mined platinum production increased by 11% and palladium production increased by 10%.

Dunnedin discovers a new kimberlite pipe

Dunnedin Ventures provided an update on rotary air-blast drilling at its 100% owned Kahuna Diamond Project in Nunavut. The Company reports it has discovered a new kimberlite pipe (KH10-11) and drill-tested two additional historic pipes. Diamond recovery tests will begin shortly, and first results are expected in 8-10 weeks.

Highlighting some of the points  Dunnedin said, new KH10-11 kimberlite pipe discovery, and two historic pipes (KD900 and KD230) re-drilled to review diamond content and potentially expand diamond-bearing phases. Indicator minerals were observed in kimberlitic material recovered from two of the three pipes (KH10-11 and KD900), including garnet, picroilemite, and olivine - similar to significantly diamond bearing kimberlite drilled on the property to-date. 

Unique range of bracelets and cuffs

Sangeeta Boochra brings to you her unique range of bracelets and cuffs in classic & modern styles for every occasion. These handcuffs are uniquely designed and look absolutely flawless when worn. You can find them in various designs in silver, gold polish & oxidized.

Layered, the new style statement

Shopping therapy is one of the best therapies for anyone and everyone. Moreover, accessory shopping is what captures one’s eyeballs. No outfit is complete without an accessory piece, to describe your style. From wearing pendant chains and stud earrings, the trend has kept evolving through the years.

Nowadays, no one daunts from heaping additional layers to the contemporary style. Today, wearing layered necklaces has becoming the new style statement. Pairing one single chain with another piece of chain or adding coloured strand to a simple chain is preferred over minimal accessories.

Pandora fights grey market China

Pandora, the world’s largest jewellery manufacturer, announces a retail price reduction across the majority of its jewellery assortment within the Chinese market. Effective from July 19, 2018  the reduction is across the majority of the Company’s jewellery collections, with the overall adjustment range at around 15%. 

The new prices are reflected on all platforms including the Pandora owned eStore and the Tmall flagship store.

Being the most known jewellery brand globally, Pandora jewellery is highly sought after, and the demand has seen a rise in the grey market trade within China. The price reduction aims to limit this, as well as balance the retail price difference in the mainland Chinese market and other markets.

DeBeers sales 10.0 mn cts of rough in Q2

According to DeBeers Q2 Production for the second quarter ended 30 June 2018, rough diamond production increased by 3% to 9.0 million carats, reflecting production increases to meet stronger demand as well as the contribution from the ramp-up at Gahcho Kué. Botswana (Debswana) production increased by 6% to 6.3 million carats in response to stronger trading conditions.

Jwaneng production increased by 4% to 3.0 million carats due to an increase in tonnes mined and treated. Similarly at Orapa, production increased by 8% to 3.3 million carats due to the ramp up of additional processing capacity in response to stronger trading conditions. Namibia (Namdeb Holdings) production increased by 32% to 0.5 million carats driven by access to consistently higher grades at the land operations and technology-led optimisation of the marine drill fleet.

De Beers Group moves to acquire Peregrine

According to De Beers Group, its Canadian mining business, De Beers Canada, has entered into an agreement to acquire 100 per cent of the outstanding securities of Peregrine Diamonds Ltd, owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 million.

The Chidliak resource was discovered in 2008 and is located approximately 120 kilometres northeast of Iqaluit on Baffin Island. A total of 74 kimberlite pipes have been identified at Chidliak, including the CH-6 and CH-7 pipes, which are the current focus of Peregrine’s Chidliak Phase One Diamond Development programme.

Likely to see gold price up in September

Recently World Gold Council (WGC) published the report, Mid-year outlook 2018: Global economic trends and their impact on gold says, the gold price has tended to increase in September! WGC says, “We believe that the confluence of key trends, as highlighted for the second half of 2018, could be supportive of gold demand.” In addition, gold’s recent pullback will likely support consumer demand as lower prices have historically increased jewellery buying.

SRDC unveils its new avatar as IIG

SRDC, one of India’s premier gemological institutes officially announced its rebranding as IIG (International Institute of Gemology) at a grand ceremony on July 19. To mark this proud milestone, Mr Ramnikbhai Shah, founder of leading diamond manufacturing house Venus Jewel and Mr Arvindbhai Parikh, MD and founding partner of Crystal Diamonds inaugurated IIG’s new institute in Panchratna Building, Opera House.

The organization’s new logo was unveiled by industry veteran Mr Ghanshyambhai Dholakia, Founder and MD, Hari Krishna Exports Pvt. Ltd. The event was graced by around 150 eminent members of the gems and jewellery industry.